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Nickelex Resource Corp V.NICK

Alternate Symbol(s):  NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba. The four licenses are located 30 kilometers north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. Pilar Gold Inc. and Laiva Gold Inc. have operations in Brazil and Finland. Pilar Gold operates the Pilar gold mine in Brazil. Laiva Gold owns the Laiva gold mine and mill in Finland.


TSXV:NICK - Post by User

Post by baystock1on Dec 29, 2020 2:11am
163 Views
Post# 32189620

insider ownership seems kind of low

insider ownership seems kind of lowI listened to the latest webinar. Once thing that struck me is when in the Q&A Larry Page said that insiders and family and friends owned 5-6%. This is really a low level of insider ownership and doesn't give me confort that management has skin in the game. It looks like they will participate in the upside thru the issuance of cheap options. I guess this is typical of most juniors, but I was hoping that they would be the exception to the norm and put more of their own capital at risk.
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